The Right Place to Buy, Earn, Exchange and Borrow against Your Crypto.

Get Started
215k Bitcoin moved to ‘HODL’ wallets as asset recovers to $53,000 215k Bitcoin moved to ‘HODL’ wallets as asset recovers to $53,000

215k Bitcoin moved to ‘HODL’ wallets as asset recovers to $53,000

with insights from Glassnode

A significant amount of Bitcoin moved to “long-term” wallets as buyers likely accumulated the dip.

215k Bitcoin moved to ‘HODL’ wallets as asset recovers to $53,000

Cover art/illustration via CryptoSlate

Bitcoin markets fell over -7% in the past day amidst a broader fallout in crypto markets and a surge in the Dollar Index (DXY), data from multiple sources shows.

However, on-chain data from analytics tool Glassnode showed buyers were stacking sats and sending newly-bought Bitcoin to long-term wallet holdings instead of selling the asset outright (this could, however, be exchanges sending their holdings to cold wallets instead of active traders/investors).

To read the rest of this article, sign in or join CryptoSlate Edge.

Get an Edge on the Crypto Asset Market

As the crypto market is constantly changing, CryptoSlate Edge is a yearly membership oriented to helping you become a more knowledgeable investor and better decision-maker.

Here's what's included in your membership:
Exclusive Articles

Be the first to read the most compelling stories high-level insights.

Private Discord Community

Communicate directly with our journalists in our private Discord.

Ad-Free Experience

We hide all advertisements for a clean and fast user experience.

Pay with Crypto ($228)
BTC · ETH · USDC · DOGE · LTC · DAI · BCH